To view Foley Hoag's Emerging Enterprise Center Blog
please click
here
A couple of quick observations resulting from a quick read of a
"standard" founder vesting agreement.
(1) Be wary of "standard." There are some items legal
things that are truly "standard" but not as many as some
lawyers may imply.
(2) You can under most circumstances get some up front vesting
from VC type investors. My experience is that for many startups in
which the founders have invested some sweat, investors will give
you some credit in the form of fully vested stock. So, a typical
arrangement (again depending on the facts) might be 10% to 25%
fully vested at the Series Seed (or Series A, as the case may be)
closing with the remaining amount vesting ratable on a monthly
basis over three years.
